Asset Management Associate

Why DLC?

DLC is proud to be certified as a Great Place to Work and is driven by a strong culture and entrepreneurial foundation. DLC is one of the nation's leading owners and operators of open-air retail shopping centers and has expertise in all facets of commercial real estate. At DLC, our teammates make all the difference and we offer industry‑leading training and career development to assure your success.

What We Offer:

• Compensation and Benefits:
  • Competitive pay
  • 401K company match
  • Medical, Dental, and Vision Insurance
• Work-Life Balance:
  • Hybrid work model
  • 20+ paid days off annually
  • 13+ paid holidays in addition to PTO
  • Paid parental leave
• Career Development:
  • Industry-leading training and development
  • Open door policy
  • Industry trade shows and event access
  • Mentorship program

About the Role:

The Asset Management Associate is responsible for developing a strong understanding of assets and business plans for the portfolio including knowledge of leases, loan documents, partnership agreements, and other related agreements.

Responsibilities

• Direct and oversee the work of an Asset Management Analyst.
• Perform a wide range of analyses including: dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analyses.
• Understands loans and debt structure, transactional documents and processes and management agreements.
• Lead monthly Joint Venture Partner calls and ad hoc calls/meetings.
• Analyze operating budgets, capital plans and reforecasts. Provide variance commentary to original business plan.
• Monitor property performance throughout the redevelopment cycle in support of critical capital market events.
• Review monthly financial reports, perform variance analysis, identify and report trends, red flags, etc.
• Create, implement, and maintain various reports tracking property operations and performance across all vertical departments.
• Develop and maintain sophisticated dashboards, financial models, templates and analyses to monitor assets relative to each business plan and budget.
• Respond to Lender, JV Partner or Senior Management requests relating to asset performance and statuses. Review Lender covenant calculations for accuracy and input.
• Prepare and update monthly cash flow forecasts with new/updated property and portfolio level information.
• Evaluate and determine monthly distributions and/or capital calls for Senior Management and JV Partner approval.
• Prepare materials for partner meetings.
• Evaluate and facilitate loan advance or escrow draw requests.
• Organize, oversee and review the annual property operating budgets and business plans for portfolio.
• Integral team member in rolling up asset and portfolio budget metrics to guide business plan.
• Work with and through various vertical departments for budget approval internally and lead JV Partner approval process for assigned assets.

Soft Skills/Behaviors

• Ability to collaborate with all departments to accomplish the team's objectives in a growing portfolio.
• Well developed and effective communication and interpersonal skills.
• Ability to persuade and influence in order to get all parties’ buy in.
• Hands‑on and ready to pitch in on whatever is needed.
• Service first attitude.
• Proactive, energetic with a creative disposition.
• Problem solver and resourceful.
• High sense of urgency.

Technical Skills

• College degree in business or finance with related real estate experience.
• 3-6years of experience with an understanding of retail asset types.
• Strong skills in financial analysis and modeling - experience with Argus REQUIRED.
• Advanced Excel skills.

The expected salary range for this position is between $100,000 and $120,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job‑related skills, internal peer equity, market and business considerations and other factors permitted by law.

About DLC

Founded in 1991, DLC has been one of the nation’s preeminent owners, operators, and managers of shopping centers. Our portfolio includes millions of square feet of attractive retail space and continues to expand as we complete additional acquisitions.

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